Insider Selling: Kimberly-Clark Co. (NYSE:KMB) VP Sells 10,838 Shares of Stock

Kimberly-Clark Co. (NYSE:KMB) VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the transaction, the vice president now directly owns 7,720 shares in the company, valued at $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andrew Drexler also recently made the following trade(s):

• On Friday, February 21st, Andrew Drexler sold 2,500 shares of Kimberly-Clark stock. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $141.24 on Wednesday. The company has a fifty day simple moving average of $131.73 and a two-hundred day simple moving average of $136.49. The company has a market cap of $46.85 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 52 week low of $122.99 and a 52 week high of $149.31.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.57%. Kimberly-Clark’s payout ratio is 66.75%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Barclays cut their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Piper Sandler restated an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $143.64.

Hedge Funds Weigh In On Kimberly-Clark

Institutional investors have recently modified their holdings of the business. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the 3rd quarter worth $29,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth $29,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.